Prakash Industries Limited announces FY2025 results

During the year, Prakash Industries Limited has achieved Net Sales of Rs. 4014 Crores and Operating Profit of Rs. 520 Crores, reflecting growth of 9% and 5% respectively over the previous financial year. Profit after Tax also increased to Rs. 355 Crores as against Rs. 348 Crores in the previous financial year. However, Profit after Tax of Rs. 348 crores in the previous financial year included profit of Rs. 37 Crores from sale of some assets.

Further, during FY2025, the Company has achieved its highest sales volume of 9.78 Lac MT registering growth of ~14% over the last financial year.

Keeping in view the strong financial results, the Board of Directors of the Company recommends a dividend of 15% i.e. Rs. 1.50 per Equity Share of Rs. 10 each.

Outlook

On 15th February, 2025, the Company had started coal extraction and despatches from its Bhaskarpara Coal Mine to its Integrated Steel plant at Champa (C.G.). During the period, the Company extracted 76,351 MT of coal. The Company is likely to achieve the coal extraction of ~1 Mn tonnes in the very first full year of its operation i.e. FY2025-26. The supplies of coal from the mine shall result in substantial cost reductions and higher efficiencies in its plant operations. As such, the Company is likely to achieve steel production of over 1 Mn tonnes in this year.

Shares of Prakash Industries Limited was last trading in BSE at Rs. 176.65 as compared to the previous close of Rs. 178.40. The total number of shares traded during the day was 99593 in over 1575 trades.

The stock hit an intraday high of Rs. 182.00 and intraday low of 173.55. The net turnover during the day was Rs. 17778492.00.

Source : Equity Bulls

Keywords

PrakashIndustries INE603A01013 FY2025 ResultUpdate